Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Roberson Ln Rocky Mount, NC 27804

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    30.6 Acres, 552 Units Possible, Excellent Location

    Property Features for 0 Roberson Ln

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,332,936 SF

    We can help!

    Listing Contact
    John Davis
    John Davis

    Listing Agency: Income Properties Inc. Listing Agent: John Davis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Exceptional investment opportunity: 30.6 acres of land in Rocky Mount, North Carolina, already zoned R6MFA for multifamily development, allowing for up to 552 units. This flat, cleared site is currently being farmed and boasts the significant advantage of no wetlands. The property is conveniently located within 200 yards of a recently constructed $180,000,000 Interstate 64 overpass featuring four bridges, ensuring excellent accessibility. Development is further streamlined by the absence of developer cash proffers, and essential utilities—sewer and water—are readily available on-site. The property's APN is 383006494584, and it is owned by an LLC. The asking price is $4,350,000, translating to $162,581 per acre. This represents a unique chance to capitalize on a prime location with significant development potential and minimal upfront hurdles. The property is situated at Roberson Ln, Rocky Mount, NC 27804, in Edgecombe County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rocky Mount
    County
    Edgecombe
    State
    North Carolina
    Longitude
    -77.871185754723
    Latitude
    35.968137393741

    Nearby Similar for Sale

    • $625,000
      10,000 SF

      Versatile Building in Rocky Mount, NC

      Adaptable commercial building suitable for various uses in Rocky Mount.
      420 Paul St, Rocky Mount, NC 27803
      View Details
    • $485,000
      11,680 SF

      Rocky Mount Commercial Facility

      11,680 SF commercial facility with flexible zoning and fenced yard.
      130 S Fairview Rd, Rocky Mount, NC 27801
      View Details
    • New
      $175,000
      1,367 SF

      Restaurant Space with Expansion Potential

      Commercial property with restaurant space and expansion opportunity in Rocky Mount.
      601-603 N Pine St, Rocky Mount, NC 27804
      View Details
    • New
      $249,900
      1,650 SF

      Downtown Office Duplex For Sale

      Downtown office duplex with five offices on each side.
      411/413 Sunset Ave, Rocky Mount, NC 27804
      View Details
    • $369,000
      2,260 SF

      High-Visibility Commercial Building on Busy Corridor

      Commercial building on 0.54-acre lot with expansion potential.
      1505 E Raleigh Blvd, Rocky Mount, NC 27801
      View Details
    • $899,900
      9,000 SF

      Versatile Commercial Building Near Major Routes

      9,000 SF commercial building on 3 acres near I-95.
      2040 Fenner Rd, Rocky Mount, NC 27804
      View Details
    • New
      $94,500
      Pending

      Rocky Mount Duplex For Sale

      Well-designed duplex in Rocky Mount with versatile living spaces.
      1412 Old Wilson Rd, Rocky Mount, NC 27801
      View Details
    • New
      $94,500
      Pending

      Rocky Mount Duplex For Sale

      Well-designed duplex with versatile living spaces in Rocky Mount, NC.
      1412 Old Wilson Rd, Rocky Mount, NC 27801
      View Details
    • $279,900
      Pending

      Renovated Quadplex in Villa Historic

      Fully renovated quadplex in Rocky Mount's Villa Historic District.
      605 Hammond St, Rocky Mount, NC 27804
      View Details
    • New
      $144,500
      1,870 SF

      Income-Producing Duplex in Rocky Mount

      Fully rented duplex offering immediate cash flow in Rocky Mount.
      400 Midway St, Rocky Mount, NC 27801
      View Details
    • New
      $109,900
      1,334 SF

      Rocky Mount Duplex Investment Opportunity

      Duplex with two units, ideal for investors or owner-occupants.
      423-427 N Daughtry St, Rocky Mount, NC 27801
      View Details
    • $560,000
      4,810 SF

      Retail Corner Near Rocky Mount Mills

      Five-unit retail property with restaurant space near mixed-use development.
      901 Falls Rd, Rocky Mount, NC 27804
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 30.6 Acres, 552 Units Possible, Excellent Location
    Where is this multifamily property located?
    The property is located at Roberson Ln Rocky Mount, NC.
    What is the asking price?
    The asking price for this property is $4,350,000.
    What are key features of this property?
    This property features: 30.6-acre multifamily development site in Rocky Mount, NC, zoned R6MFA for up to 552 units.; Flat, cleared site with no wetlands, currently farmed.; Excellent accessibility: 200 yards from a new $180 million I-64 overpass.
    Request Owner's contact information
    Roberson Ln Rocky Mount, NC 27804
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Roberson Ln
    Rocky Mount, NC 27804
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Roberson Ln Rocky Mount, NC 27804
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Davis
    John Davis
    Real Estate License ID: VA0225108507
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!